1y ago

Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price

gizmodo.com Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price

In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”

Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price::In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”

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78 comments

That's what they want them to believe, that they are very important. Good for the stock price.
- How would convincing people that their plan to short the stock might be a legitimate risk (encouraging shorts) be good for the stock price?
  
  Asking about the value of reddit on reddit seems like it would contribute to the value of reddit...
  
  If the resounding answer is "we should short it", then the contribution would be negative.
  They initially did try to get WSB on board w/ the DSO, with a cheeky "why let institutional investors have all the fun ;) " but as far as I understand it, WSB isn't biting.

78 comments